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The table below summarises some key information about Company Screening from ComplyAdvantage and CLM for Salesforce from Fenergo, giving you some points to compare.
| Company Screening | CLM for Salesforce | |
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| Product Use-cases | ||
| Product Description |
ComplyAdvantage's Company Screening solution simplifies due diligence processes by automating the screening of businesses against global watchlists, sanctions databases, and adverse media sources. Designed to meet stringent regulatory requirements, this solution ensures organizations can quickly and accurately assess the risk profiles of their business partners and vendors. The platform offers real-time screening with continuous updates, providing instant notifications of changes in a company's status or risk level. Advanced filtering and matching algorithms reduce false positives, saving time and improving efficiency for compliance teams. Additionally, the system provides detailed reports and audit trails, enabling thorough documentation of screening processes for regulatory compliance. By streamlining risk assessment workflows, ComplyAdvantage's Company Screening solution enhances operational efficiency and helps organizations build safer, more reliable business networks. |
Fenergo CLM for Salesforce combines the capabilities of the leading Client Relationship Management and Client Lifecycle Management solutions to digitalize the entire client lifecycle process. It enables financial institutions to transform client experiences, achieve greater operational efficiencies, and unlock revenue potential by digitally connecting every client journey from prospecting to onboarding and ongoing KYC reviews. :contentReference[oaicite:5]{index=5} |
| Vendor | ComplyAdvantage | Fenergo |
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| Vendor Headquarters | United States | Ireland |
| Vendor Founded | 2014 | 2008 |
| About the vendors |
ComplyAdvantage, founded in 2014, is a RegTech company that specializes in providing AI-driven financial crime risk detection and anti-money laundering (AML) solutions. ComplyAdvantage leverages artificial intelligence, machine learning, and natural language processing to offer real-time risk insights and AML data solutions. The company provides a range of services, covering: - AML onboarding and monitoring - Transaction monitoring - Payment screening - Politically exposed persons (PEPs) and adverse media screening - Real-time sanctions and watchlist screening ComplyAdvantage has experienced significant growth since its inception, raising $88.2 million through three rounds of venture capital funding and expansion of its operations with offices in the United States, Singapore, and Romania. The company serves over 1,600 businesses across the globe, including major financial institutions like Santander and Affirm, and clients have reported a 70% reduction in false positives and a 50% decrease in onboarding cycle time. |
Solutions to manage risk across the customer lifecycle |
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